Toth Financial Advisory Corp Buys 5,021 Shares of Expand Energy Corporation $EXE

Toth Financial Advisory Corp boosted its stake in Expand Energy Corporation (NASDAQ:EXE) by 436.6% in the fourth quarter, HoldingsChannel reports. The firm owned 6,171 shares of the company’s stock after buying an additional 5,021 shares during the period. Toth Financial Advisory Corp’s holdings in Expand Energy were worth $681,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital Research Global Investors raised its holdings in shares of Expand Energy by 161.5% during the third quarter. Capital Research Global Investors now owns 15,959,335 shares of the company’s stock valued at $1,695,520,000 after purchasing an additional 9,856,576 shares during the period. Phoenix Financial Ltd. bought a new stake in Expand Energy in the 3rd quarter valued at about $169,783,000. CIBC Private Wealth Group LLC increased its position in Expand Energy by 862.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,256,987 shares of the company’s stock valued at $133,542,000 after buying an additional 1,126,363 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in Expand Energy during the 3rd quarter worth approximately $115,504,000. Finally, State Street Corp raised its stake in Expand Energy by 8.3% during the 3rd quarter. State Street Corp now owns 13,183,560 shares of the company’s stock worth $1,400,621,000 after buying an additional 1,014,484 shares during the period. 97.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Expand Energy news, CEO Michael Wichterich bought 2,000 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were acquired at an average cost of $107.50 per share, for a total transaction of $215,000.00. Following the purchase, the chief executive officer directly owned 83,498 shares of the company’s stock, valued at $8,976,035. The trade was a 2.45% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.19% of the stock is currently owned by insiders.

Expand Energy Stock Performance

Shares of EXE stock opened at $103.89 on Friday. Expand Energy Corporation has a 12-month low of $91.01 and a 12-month high of $126.62. The company has a 50 day moving average of $107.13 and a 200-day moving average of $108.32. The firm has a market cap of $24.98 billion, a P/E ratio of 13.78 and a beta of 0.47. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.27.

Expand Energy (NASDAQ:EXE) last issued its earnings results on Tuesday, February 17th. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.89 by $0.11. The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.28 billion. Expand Energy had a return on equity of 8.17% and a net margin of 15.00%. Sell-side analysts anticipate that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 5th were given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.2%. The ex-dividend date was Thursday, March 5th. Expand Energy’s payout ratio is presently 30.50%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on EXE shares. Piper Sandler raised their price objective on Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. Sanford C. Bernstein lowered their target price on Expand Energy from $145.00 to $144.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Mizuho increased their target price on Expand Energy from $136.00 to $142.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Barclays lifted their price target on shares of Expand Energy from $125.00 to $127.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. Finally, KeyCorp restated a “sector weight” rating on shares of Expand Energy in a research note on Thursday. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $131.48.

Expand Energy Company Profile

Expand Energy Corporation is an independent natural gas producer principally in the United States. Expand Energy Corporation, formerly known as Chesapeake Energy Corporation, is based in OKLAHOMA CITY.